Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.50 and traded as low as $11.23. Nuveen New York Quality Municipal Income Fund shares last traded at $11.38, with a volume of 85,275 shares changing hands.

Nuveen New York Quality Municipal Income Fund Price Performance

The company’s fifty day simple moving average is $11.44 and its 200 day simple moving average is $11.50.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAN. PFG Investments LLC bought a new position in Nuveen New York Quality Municipal Income Fund during the 3rd quarter valued at about $145,000. Horizon Kinetics Asset Management LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 82.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 38,119 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 17,281 shares during the period. HighTower Advisors LLC lifted its position in Nuveen New York Quality Municipal Income Fund by 1.1% during the third quarter. HighTower Advisors LLC now owns 193,671 shares of the financial services provider’s stock valued at $2,283,000 after purchasing an additional 2,124 shares during the period. Stifel Financial Corp boosted its holdings in Nuveen New York Quality Municipal Income Fund by 18.8% in the third quarter. Stifel Financial Corp now owns 12,462 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Nuveen New York Quality Municipal Income Fund by 10.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,144 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 3,899 shares during the period.

Nuveen New York Quality Municipal Income Fund Company Profile

Nuveen New York Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in municipal bonds, with a rating of Baa or higher.